Buzzing Stocks
Assembly - Stock market live : Nifty holds 18,600; ITC up 2%, The BSE MidCap
Stock market live on May 30, 2023: The broader markets outperformed benchmarks. The BSE MidCap and SmallCap indices rose up to 0.18 per cent versus nearly flat BSE Sensex index
 "Assembly - Stock market live : Nifty holds 18,600; ITC up 2%, The BSE MidCap")
Wipro shares gain 5% as Q2 results beat expectations; brokerages divided
In Q2FY25, Wipro reported a consolidated profit attributable to owners of Rs 3,208.8 crore, marking a 6.85 per cent increase quarter-on-quarter (Q-o-Q) from Rs 3,003.2 crore in Q1FY25.
 "Wipro shares gain 5% as Q2 results beat expectations; brokerages divided")
ICICI Bank's market cap tops Rs 9 trillion; stock hits new high
In one week, the stock of the second largest private sector lender has outperformed the market by gaining 3.5 per cent, compared to the 1.9 per cent rise in the BSE Sensex.
 "ICICI Bank's market cap tops Rs 9 trillion; stock hits new high")
Paras Defence locked in 5% upper circuit after arm bags order of Rs 305 cr
The uptick in the share price came after the company announced that its associate company, Controp-Paras Technologies Private Limited, has secured an order worth Rs 305 crore from L&T.
 "Paras Defence locked in 5% upper circuit after arm bags order of Rs 305 cr")
Piramal Pharma hits record high in weak market; surges 12% on heavy volumes
As many as 43.42 million equity shares, representing 3.3 per cent of total equity of the pharma company, had changed hands on the NSE till afternoon
 "Piramal Pharma hits record high in weak market; surges 12% on heavy volumes")
This recently listed IPO has zoomed 75% against its issue price in 5 days
This recently listed IPO has zoomed 75% against its issue price in 5 days
 "This recently listed IPO has zoomed 75% against its issue price in 5 days")
Olectra Greentech stock zooms 13% on reporting 34% growth in Q1 net
Olectra Greentech Q1FY25 consolidated net profit rose to Rs 24.25 crore from Rs 18.07 crore in Q1FY24. Prior to today, the stock had shed 20 per cent in the last one month.
 "Olectra Greentech stock zooms 13% on reporting 34% growth in Q1 net")
SpiceJet shares fly 7% on six-fold jump in Q4 profit; gains 15% i
SpiceJet shares: SpiceJet airline reported a standalone net profit of Rs 119 crore in Q4FY24
 "SpiceJet shares fly 7% on six-fold jump in Q4 profit; gains 15% i")
Varun Beverages joins Rs 1 trillion m-cap club; zooms 108% in 11 months
At 10:43 AM; with a market cap of Rs 1.02 trillion, VBL claimed the 48th spot in the overall market cap ranking, the BSE data shows.
 "Varun Beverages joins Rs 1 trillion m-cap club; zooms 108% in 11 months")
Auto stocks buck downbeat market trend in May; charts suggest further gains
Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.
 "Auto stocks buck downbeat market trend in May; charts suggest further gains")
Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall
Selective FMCG stocks may rise up to 11 per cent, even if broader market loses more ground
 "Britannia, ITC, Radico: These FMCG stocks may act as hedge in current fall")
Page Industries rallies 8% in three days; hits new high in a weak market
Going foward, the company expects that the growing urban women population and women corporate workforce are better growth opportunities
 "Page Industries rallies 8% in three days; hits new high in a weak market")
Sensex, Nifty end flat after choppy day; financials fall, Godrej Prop up 9%
CLOSING BELL: Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index
 "Sensex, Nifty end flat after choppy day; financials fall, Godrej Prop up 9%")
IndusInd Bank rises 3% on UBS upgrade; notches 9% gain in last 3 sessions
IndusInd Bank is likely to get added to the MSCI India Index during the rebalancing exercise in August following a sharp increase in the investment legroom for foreign portfolio investors (FPIs)
 "IndusInd Bank rises 3% on UBS upgrade; notches 9% gain in last 3 sessions")
Godrej Consumer, Raymond dip up to 6% day after reporting Rs 2,825 cr deal
The proceeds from the sale of FMCG business would be utilized for repayment of debt and infusing of funds in the Lifestyle business, Raymond said.
 "Godrej Consumer, Raymond dip up to 6% day after reporting Rs 2,825 cr deal")
City Union Bank surges 10% on re-appointment of N Kamakodi as MD & CEO
n the past six months, City Union Bank has underperformed the market by falling 26 per cent, as compared to 1 per cent rise in the S&P BSE Sensex
 "City Union Bank surges 10% on re-appointment of N Kamakodi as MD & CEO")
Stock of this railway wagons maker has zoomed 1,412% from March 2020 lows
Titagarh Wagons hit a new high of Rs 310, surging 8% today, after its consortium with BHEL bagged an order worth Rs 9,600 crore to supply 80 sleeper class Vande Bharat trains
 "Stock of this railway wagons maker has zoomed 1,412% from March 2020 lows")
United Breweries hits 52-week low; dips 17% in 3 months on margin concerns
The company said it continues to remain optimistic on the long-term growth of the industry, driven by rising prosperity, youthful population and evolving consumer trends driving premiumization.
 "United Breweries hits 52-week low; dips 17% in 3 months on margin concerns")
Nifty Realty index rallies 7% in 2 days after RBI keeps repo rate unchanged
This move would provide further boost to the affordable and mid-income housing segments, analysts said
 "Nifty Realty index rallies 7% in 2 days after RBI keeps repo rate unchanged")
L&T hits record high on strong business outlook; stock jumps 9% in 6 days
On Monday, L&T announced that the hydrocarbon business of the company secured a significant order under its AdVENT (Advanced Value Engineering and Technology) business vertical
 "L&T hits record high on strong business outlook; stock jumps 9% in 6 days")
